Is Rowan County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rowan County has remained a Seller's Market.
Housing Prices in Rowan County, NC
How much do homes in Rowan County, NC cost?
Median Sold Price
$279,797
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rowan County was $279,797 in May 2024, up 4.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $149.9K | -23.1% |
2 Bedrooms | $184.2K | $203.3K | +10.4% |
3 Bedrooms | $264.9K | $278.4K | +5.1% |
4 Bedrooms | $349.9K | $336K | -4.0% |
5+ Bedrooms | $380K | $402.5K | +5.9% |
Summary: Rowan County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Counties
Davie County | $284.1K | $299.9K | +5.6% |
Davidson County | $259.9K | $273.2K | +5.1% |
Rowan County | $267.8K | $279.7K | +4.5% |
Cabarrus County | $337.2K | $348.7K | +3.4% |
Iredell County | $378.4K | $384.8K | +1.7% |
Housing Supply in Rowan County, NC
How many homes are available in Rowan County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
635 | 674 | +6.1% |
Summary: The Rowan County real estate market had 674 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 81 | 85 | +4.9% |
3 Bedrooms | 364 | 410 | +12.6% |
4 Bedrooms | 138 | 126 | -8.7% |
5+ Bedrooms | 47 | 48 | +2.1% |
Summary: The Rowan County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 2.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
148 | 130 | -12.2% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 130 homes were sold or pending in Rowan County in May 2024, down by 12.2% month-over-month. Of the 130 sold homes, 58% were sold under asking, 20% were sold at asking, and 22% were sold over asking.
Days on Market for Rowan County, NC
How long does it take to sell a home in Rowan County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 54 Days | +68.9% |
Summary: Homes in Rowan County had an average of 54 days on market in May 2024, up by 68.9% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During May 2024, 130 homes were sold in Rowan County; 47% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.